Supply and Demand – Good Life Property Management ECO 360, Economics for Business I

Supply and Demand ? good life space vigilance this subject examines the economic phenomenon of supply, make and labyrinthine sense. Using the put on organization of GoodLife proportion Management in the town of Atlantis, the authorship depart tally how the supply and demand curve is utilize to determine the labyrinthine sense in the grocery place for the lease of two-bedroom apartments. In addition, the paper will determine the difference between feces along the tilt of the demand and supply curves which includes the determination of how symmetricalness is re-established after the curves shift. The propose of this simulation is to understand how the apartment market is affected by supply and demand. Decisions regarding supply, demand and market equilibrium require blow-by-blow consideration. Many factors affect supply and demand such as preference, expectations, income, and lease sum ups. In divine order to make assured decisions the plaza managing director must(prenominal) continually monitor supply, demand and manufacturing trends in order to take a breather competitive in nowadays?s high performance, passing competitive environment. In order to make these decisions the Property theater director of GoodLife Management will bet on his organizations experts, Susan Hearst, field Property Manager, and Hal Morgan, Regional Property Manager, to serve well make informed decisions when adjusting the monthly rental rates and quantities supplied of two-bedroom apartments.

GoodLife, as the only conjunction offering apartments in the Atlantis area, currently has a monop oly on the market and can set the rental rat! e at their discretion. First, Susan Hearst, National Property Manager, has recommended that the vacancy rate be brought down to close 15%. In addition she has communicate that the Property Manager maximize revenue. Understanding that the higher prices whitethorn keep close to renters away Hal Morgan, Regional Property Manager, has recommended that the rental rates be lowered. The demand curve for the apartments is an imaginary confines at a point in time?... If you compulsion to get a full essay, order it on our website: BestEssayCheap.com

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